The Finance Committee of the French Senate has turned a deficit to a surplus in the 1923 budget. Nevertheless, the Government will spend $443,583,000 more than it receives in the next fiscal year.
The Chamber of Deputies passed to the Senate an ordinary budget, calling for an expenditure of $1,460,214,000, with an estimated revenue from all sources of $1,214,955,000, leaving a deficit of $245,259,000. The Senate Committee applied a drastic economy axe to all departmental budgets achieving a cut of $113,400,000. Revenue estimates were raised by $170,100,000 by increased taxation returns, larger...
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